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Definition
Controller
A Controller, also known as a financial controller, is a senior-level accounting professional responsible for overseeing a company’s financial reporting, internal controls, and accounting operations. Acting as the head of the accounting department, the controller ensures that financial statements are accurate, timely, and comply with regulatory standards such as GAAP (Generally Accepted Accounting Principles) or IFRS.
Key responsibilities of a controller include managing the general ledger, preparing financial reports, supervising accounting staff, and overseeing budgeting, forecasting, and internal audits. They also play a critical role in establishing and maintaining internal controls to prevent errors, fraud, and financial mismanagement.
Controllers often work closely with CFOs (Chief Financial Officers), providing them with financial insights that help guide strategic decision-making. In smaller organizations, the controller may take on additional roles such as handling payroll, managing cash flow, or preparing tax filings.
A successful controller must possess strong analytical skills, attention to detail, and a deep understanding of accounting principles and financial systems. They often hold designations such as CPA (Chartered Professional Accountant) and have several years of experience in finance and accounting.
Ultimately, the controller serves as a key figure in maintaining the financial integrity and operational efficiency of an organization.
See also